Investment in Los Cristianos - Impact on Tenerife Property Sales

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Investment in Los Cristianos - Impact on Tenerife Property Sales

Tenerife Property Finance

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“ In just over a year’s time Los Cristianos town centre will have a completely new look which should reinforce its position as an attractive modern tourist resort, which will accommodate all kinds of visitors.”
Mayor of Arona

The ongoing investment by the local council and government into Los Cristianos will mean, in this area of Tenerife, property sales can do nothing but benefit from the investment.

Arona Council has a ‘Touristic Excellence Plan’ which includes:-

• General Franco Street, Los Cristianos
This work is nearing completion, with only the finer details such as the new benches, the garden areas and waste paper bins etc awaiting location once the new road surface has been laid.

• Calle Juan XXIII, Los Cristianos
Work is going well and soon the pedestrian street running parallel to the Avenida de Suecia and the smaller streets running down to the beach area and the future promenade will present a new modern aspect in keeping with the other projects.

The work is being carried out by the company Dragados SA who has been allocated a budget of 2,689,000 euros and is expected to have the work completed in fifteen months time.

Homebuyers will reap the rewards
For potential homebuyers in Tenerife, property sales in Los Cristianos look a great investment as the new look resort will attract many visitors, ideal if you are letting your property. Or, alternatively if you’re looking for a permanent residence then Los Cristianos will have everything you need.

In addition, it is also reported that in Los Cristianos work will begin on a new health centre, close to the Dinastia Complex and the new development of Los Corales.

Tenerife is a winter sun destination for many ‘Swallows’ {sic} those who reside in the Canary Island for the duration of the British winter. Through the continual investment that the Arona Town Hall are making, Los Cristianos as a resort is becoming even more of a ‘home from home’ but, with higher winter temperatures.

Latest News - No tax on empty homes
The Canarian government has just ruled against the possibility of imposing a tax on owners of properties which lie empty.

Concening this measure which is being considered by the Spanish mainland -Basque Country and Catalonia, as they wish to encourage owners to release their properties for rental a Treasury Spokesman had this to say. “It’s not deemed necessary in the Canary Islands,” .

“The figure quoted in the media of 125,000 empty properties is highly exaggerated and we think the figure is nearer 25,000' the government feels that the existing tax incentives to buy second homes for rental income are sufficient and no punitive measures are required.”

Thank you to Los Cristianos Properties for this excellent brief on new developments in Los Cristianos - certainly something every potential property buyer will want to know. Check out their website for recommended local Tenerife estate agents.

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Investment in Los Cristianos - Impact on Tenerife Property Sales

Tenerife Property Finance